DEPRECIATION PRINTER AS PER CO.ACT.1956
This query is : Open
Javed Ansari
(Querist)
26 May 2008
WHAT RATE CAN APPLY ON PRINTER FOR DEPRECIATION AS PER COMPANIES ACT.1956 AND AS PER INCOME TAX ACT.1961
PLEASE REPLY ME.
PLEASE REPLY ME.
CA. Yayati Tyagi
(Expert)
26 May 2008
same as to computer, in books, debit cost of printer in computer a/c.
in co. act : 40%
in i.t. act : 60%
in co. act : 40%
in i.t. act : 60%
Sanjeev Kumar Sharma
(Expert)
26 May 2008
yes i agree with Yayati Tyagi
CA PARTH SHAH
(Expert)
02 September 2012
BUT AS PER SCHEDULE XIV OF COMPANIES ACT IT IS STATED THAT DATA PROCESSING MACHINE INCLUDES ONLY COMPUTER. SO PRINTER CANNOT BE CONSIDERED AS PART OF COMPUTER AND SHOULD BE TAKEN AS PLANT & MACHINERY. SO RATE MUST BE 13.91% (WDV ) OR 4,75 %(SLM)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- GSTR9 Annual Return
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Reward for festival
- Ito add credit side of bank
- Form 144 TDS Return Validation error
- Closer of business and itc of capital goods
- Capital gain on commercial property and investment in residential property
- Rectification under processing even after 6 months cpc portal
- RCM and same line
- TDS Return Statement Status
- ARCA LOGIN
- Appointment of Auditor By Form ADT-1
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
